SWIFT launches blockchain, announces tokenized deposit pilot with 17 banks
SWIFT launched its new blockchain ledger that will host a tokenized bank deposit pilot for 17 major banks seeking faster cross-border payments....
Key takeaways
- 1SWIFT launched a new blockchain ledger for tokenized banking operations.
- 217 major banks are participating in SWIFT's tokenized deposit pilot program.
- 3The initiative aims to accelerate cross-border payment settlements.
Why it matters
This development signals traditional finance's blockchain adoption, potentially reshaping cross-border remittances and settlement speeds—critical for Indian retail investors exposed to forex, NRI transfers, and international trade stocks.
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